Tag: funding

Funding Approved for Audit of Ethereum’s ProgPoW Mining Proposal

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Ethereum developers announced today that funding has been approved to audit the hotly-contested code change known as Progressive Proof-of-Work or ProgPoW. Since February, developers have been gathering the funds necessary to back a third-party audit of the ProgPoW code. Today, during a weekly meeting, it was announced that the targeted amount of 50,000 DAI (equivalent to roughly $50,000) has been fully met through crowd-sourced donations on open-source bounty platform Gitcoin, as well as other unnamed sources from the community. The aim of this audit, as stated by Ethereum Foundation community…

Alt Thirty Six Raises $10 Million In Series A Funding For Cannabis Blockchain Payment Solution

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About Richard Kastelein Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News…

Early Spotify Investor Contributes to Blockchain Art Registry in $7 Mln Funding Round

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The blockchain-based art registry startup Artory has reportedly raised over $7 million in Series A funding round from an early Spotify investor among others. The development was announced by art-focused publication the Art Newspaper on April 22. Artory — ledger of which enables users to trace provenance and title data, as well as record sales of works of art —  has reportedly secured $7.3 million from a group of investors, including private investing firm 2020 Ventures, which backed Swedish audio streaming platform Spotify, American logistics company Postmates, and luxury goods…

Aragon Vote Aims to Restrict Ethereum App from Funding Polkadot Blockchain

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Two weeks from now, token-holders for the Aragon application will put the efficacy of its on-chain governance model to the test. The Aragon project, launched in 2016, is envisioned as a way to offer users the tools to build decentralized organizations that are secured cryptographically and run natively on top of the ethereum blockchain. But starting as early as February of this year, the core developers behind Aragon have expressed interest in launching a version of the app on the Polkadot blockchain network. At the time it was announced, Luis…

Chainalysis Caps Series B Funding With $6 Million From Two Japanese Heavyweights

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United States-based blockchain intelligence firm Chainalysis has raised a further $6 million from two major Japanese investors, the company confirmed in a blog post on April 16. Chainalysis, which secured $30 million at the start of its Series B round in February, has hinted it will target the Japanese market in the future as it aims to ingratiate its compliance technology with banks and other financial institutions. Behind the latest cash injection were Mitsubishi UFJ Financial Group (MUFG) and venture capital firm Sozo Ventures, the former already notably active active…

Indian Bitcoin Exchange Unocoin Cuts Staff by 50 Percent As Funding Talks Fail

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Indian Bitcoin exchange Unocoin was reportedly forced to let go of half of its staff, this came after talks to raise a new round of funds have failed to conjure up new money for the struggling bitcoin startup. This according to a report by The Economic Times, April 16, 2019. A Tough Regulatory Environment Reportedly, Bengaluru-based Unocoin now only has 14 staffers left after it had to let go half of its office, which came in light of recently failed talks to secure a new round of funding. This figure…

German Blockchain Company Builder NBT Secures $13.5 Million in New Funding Round

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Next Big Thing AG (NBT), a German Internet-of-Things (IoT) and blockchain company builder, has secured 12 million euros ($13.5 million) in a new funding round, according to a press release on April 8. NBT announced that the firm has successfully completed its Series A investment round led by global industrial insurance giant HDI Global SE through Hannover Digital Invest, with participation by the FinLab EOS VC Fund, a $100 million joint venture by fintech incubator FinLab AG and blockchain software developer Block.one. According to the press release, HDI Global decided…

Coda Leads $15 Mln Funding Round for O(1) Labs Including Coinbase and Paradigm

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Blockchain scalability project Coda has completed a new $15 million funding round for O(1) Labs, Coda announced on April 2. According to Coda, the new funding round involved major technology investors such as Accomplice, Coinbase Ventures, Paradigm, and General Catalyst. As specified on its website, Coda is a cryptocurrency protocol with a “tiny portable blockchain,” swapping the traditional blockchain for small cryptographic proof, which enables a cryptocurrency to be as accessible as any other app or website. Specifically, Coda aims to address blockchain’s scalability problem by compressing blocks and providing…

Liquid.com Hits $1B Valuation Closing Its Latest Funding Round

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Photo: Liquid / Medium As it has been announced, Liquid.com, a global cryptocurrency platform, has managed to become the latest crypto unicorn. The first close of the platform’s ongoing Series C funding is marked by the valuation of over $1 billion. Such an achievement has made the company owned by Japanese cryptocurrency exchange Quoine the second startup in Japan that has managed to deserve the status of a unicorn. It means that the company needed less than five years to do it, as it was founded in 2014. Though it…

Liquid.com Closes Funding Round Valuing Crypto Firm at ‘Over $1 Billion’

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Crypto trading platform Liquid.com has been backed by Bitmain and IDG Capital in a funding round that, it says, makes it the latest crypto unicorn. The firm, which is owned by Japanese cryptocurrency exchange Quoine, announced Wednesday that, with the closing of the Series C round, its “over $1 billion” valuation makes it “one of only two tech unicorns in Japan’s startup space.” Liquid.com, however, did not disclose the amount invested by IDG Capital and Bitmain, the former of which led the round. The funds will be put toward global…